Dayton v. Kennedy

Returning Senator Mark Dayton to the Ranks of the Idle Rich in 2006

2/05/2005

Krugman Truth Squad (Minnesota Edition)

In Senator Dayton's recent constituent letter in favor of the eventual insolvency of Social Security he cites Paul Krugman, the regularly discredited economist/bloviator of the NYT who -- like the rest of the Left -- says "There is no Crisis".

So what's wrong with using Krugman to bolster your case against saving Social Security? Is it because he is a favorite of the Communist Party of India? No crime against that. The problem is that Krugman had exactly the opposite position when Bill Clinton was in the White House:


In 2010... the boomers will begin to retire... The budgetary effects of this demographic tidal wave are straightforward to compute, but so huge as almost to defy comprehension... Yet if you think even briefly about what the Federal budget will look like in 20 years, you immediately realize that we are drifting inexorably toward crisis; if you think 30 years ahead, you wonder whether the Republic can be saved.

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